Beat out for the top spot by New York City — and followed closely by surprise contender San Francisco — Toronto stood out among the world's "metro powerhouses" in areas of business opportunities, culture, livability and innovation. The study named Toronto a "beta" city, not yet "part of the conversation with London, Paris and New York," but with the "building blocks of a superlative international city."

The only Canadian city to make the list, Toronto was ranked #1 in quality of living, clean air, business-trip index, skyscraper construction, and sports and leisure. The city was #2 in the area of entrepreneurial environment. The main criticism of the city came from its cost of public transportation.

The 26 most successful cities, from best to "still great but not the best":

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